Calendar Year
1981 in US Banking
743 bank events are on record for 1981: 9 failures, 703 mergers or acquisitions involving a bank, credit union or bank holding company, and 0 enforcement actions.
9
Failures
$1.38B in failed assets
703
Mergers
Federal Reserve NIC, banking organizations
0
Enforcement
OCC, FDIC, FRB, OTS and SEC 8-K filings
31
Assistance
FDIC open-bank assistance
Jump to: Bank failures 1981 · Bank mergers 1981
How many banks failed in 1981?
9 banks failed in 1981, with $1.38B in assets. Each failure below links to its own page.
| Date | Bank | Assets |
|---|---|---|
| Oct 30, 1981 | Midtown National Bank | $10.6M |
| Oct 23, 1981 | High Lakes Community Bank | $3.7M |
| Sep 25, 1981 | Southwestern Bank | $5.3M |
| Sep 8, 1981 | First FS&LA of Rochester | $1.20B |
| Jun 19, 1981 | Northwest Commerce Bank | $6.7M |
| May 18, 1981 | Economy S&LA | $73.9M |
| Mar 17, 1981 | Peoples Banking Company | $8.4M |
| Mar 14, 1981 | The Des Plaines Bank | $46.5M |
| Mar 14, 1981 | South Side Bank | $27.5M |
Which banks merged in 1981?
703 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1981.
See the fuller list: Bank mergers 1981 with largest deals and credit union mergers ›
| Date | Acquired | Acquirer |
|---|---|---|
| Jul 13, 1981 | First Financial Federal Savings & Loan Association | FirstCapital Bank, SSB |
| Jul 13, 1981 | High Carbon Credit Union | Millbury Federal Credit Union |
| Jul 8, 1981 | Citizens Bank | First US Bank |
| Jul 8, 1981 | The Bank of Belmont | Wachovia Bank, National Association |
| Jul 7, 1981 | Pioneer Bank | First Professional Bank |
| Jul 6, 1981 | Ellis Harbor Bank | Ellis National Bank of Clearwater |
| Jul 3, 1981 | Clintonville Federal Savings and Loans Association | M & I Lakeview Bank |
| Jul 2, 1981 | Wabash Building and Loan Association | First Financial Savings and Loan Association |
| Jul 1, 1981 | NNMC Federal Credit Union | Navy Federal Credit Union |
| Jul 1, 1981 | Mountain Home Educators Credit Union | Capital Educators Federal Credit Union |
| Jul 1, 1981 | Atlantic Bank & Trust of Lake Wales | First Union National Bank of Florida |
| Jul 1, 1981 | Central Ohio Federal Savings and Loan Association | Ohio State Federal Savings and Loan Association |
| Jul 1, 1981 | The Peoples Bank of Hanover County | First Virginia Bank - Colonial |
| Jul 1, 1981 | Atlantic Bank of Hastings | First Union National Bank of Florida |
| Jul 1, 1981 | Atlantic Bank of Jacksonville | First Union National Bank of Florida |
| Jul 1, 1981 | Franklin FS&LA | AFB&T |
| Jul 1, 1981 | Barnett Bank of Homestead | Barnett Bank of South Florida, National Association |
| Jul 1, 1981 | Polaris Leasing Corporation | Emprise Bank, National Association |
| Jul 1, 1981 | Barnett Bank of Broward County | Barnett Bank of South Florida, National Association |
| Jul 1, 1981 | Staunton Home Association | Home Federal Savings |
| Jul 1, 1981 | First Federal Savings and Loan Association | First Federal Savings and Loan Association |
| Jul 1, 1981 | Atlantic First National Bank of Daytona Beach | First Union National Bank of Florida |
| Jul 1, 1981 | Sheraden Savings and Loan Association | West End Federal Savings and Loan Association |
| Jul 1, 1981 | Nebraska Federal Savings and Loan Association | American Charter Federal Savings and Loan Association |
| Jul 1, 1981 | The State Bank of Forest City | Southeast National Bank of Orlando |
| Jul 1, 1981 | Atlantic Bank of Tampa | First Union National Bank of Florida |
| Jul 1, 1981 | Hub Federal Savings and Loan Association | Ohio State Federal Savings and Loan Association |
| Jul 1, 1981 | Bae Federal Credit Union | 1st United Credit Union |
| Jul 1, 1981 | Lancaster Federal Savings & Loan Association | Horizon Financial, F.A. |
| Jul 1, 1981 | Northeast Bank of Westbrook | Norstar Bank of Maine |
| Jul 1, 1981 | Monroe Savings and Loan Association of Newark | Nutley Savings Bank, Sla |
| Jul 1, 1981 | Jefferson Federal Savings and Loan Association | Future Federal Savings Bank |
| Jul 1, 1981 | Omaha Savings and Loan Association | American Charter Federal Savings and Loan Association |
| Jul 1, 1981 | Atlantic National Bank of Palatka | First Union National Bank of Florida |
| Jul 1, 1981 | First FS&LA of LA | Sun Federal Savings and Loan Association |
| Jul 1, 1981 | Trailmobile Employees Credit Union | Superior Credit Union |
| Jul 1, 1981 | Orange Belt Federal Savings and Loan Association | Redlands Federal Bank, a Federal Savings Bank |
| Jul 1, 1981 | Northeast Bank of Sanford | Norstar Bank of Maine |
| Jul 1, 1981 | Atlantic National Bank of Palm Beach County | First Union National Bank of Florida |
| Jul 1, 1981 | Atlantic Bank of Eustis | First Union National Bank of Florida |
| Jul 1, 1981 | Beale Credit Union | Sierra Central Credit Union |
| Jul 1, 1981 | Providence Dmatc Credit Union | Ocean State Credit Union |
| Jul 1, 1981 | Loogootee Federal Savings and Loan Association | First Federal Savings Bank of Washington |
| Jul 1, 1981 | First Security Bank of Murray, National Association | Wells Fargo Trust Company, N.A. |
| Jul 1, 1981 | Equitable Federal Savings and Loan Association | Lincoln Federal Savings and Loan Association |
| Jul 1, 1981 | Lindley Rockland Savings & Loan Association | Fox Chase Bank |
| Jul 1, 1981 | Atlantic National Bank of Seminole | First Union National Bank of Florida |
| Jul 1, 1981 | Atlantic First National Bank of Gainesville | First Union National Bank of Florida |
| Jul 1, 1981 | Atlantic Bank of St. Augustine | First Union National Bank of Florida |
| Jul 1, 1981 | Pacific Coca-Cola Federal Credit Union | Rivermark Community Credit Union |
The list holds 500 of the 703 mergers recorded for 1981.
FDIC Open-Bank Assistance in 1981
| Date | Institution | Assets |
|---|---|---|
| Dec 18, 1981 | Union Dime Savings Bank | $1.45B |
| Dec 17, 1981 | Southern FS&LA of Broward County | $615.4M |
| Dec 17, 1981 | Hamiltonian FS&LA | $239.5M |
| Dec 17, 1981 | Security FS&LA of Sikeston | $84.5M |
| Dec 9, 1981 | Boca Raton FS&LA | $275.8M |
| Dec 9, 1981 | Mohawk S&LA | $91.1M |
| Dec 5, 1981 | Palos S&LA | $98.0M |
| Dec 4, 1981 | Central Savings Bank | $910.2M |
| Nov 30, 1981 | Empire State FS&LA | $291.3M |
| Nov 30, 1981 | Guaranty FS&LA | $33.5M |
| Nov 20, 1981 | Pan American, FS&LA | $43.9M |
| Nov 20, 1981 | First FS&LA of Puerto Rico | — |
| Nov 19, 1981 | First FS&LA of Broward County | $2.55B |
| Nov 4, 1981 | Greenwich Savings Bank | $2.48B |
| Oct 7, 1981 | Reserve S&LA | $129.8M |
| Oct 2, 1981 | Lafayette FS&LA | $416.5M |
| Sep 15, 1981 | Perpetual S&LA | $49.7M |
| Sep 8, 1981 | West Side FS&LA | $2.50B |
| Sep 8, 1981 | Washington FS&LA | $1.20B |
| Sep 8, 1981 | Franklin Society FS&LA | $947.4M |
| Aug 9, 1981 | County FS&LA | $144.1M |
| Jul 10, 1981 | First Financial FS&LA | $5.9M |
| Jul 1, 1981 | First FS&LA of New Bern | $57.4M |
| Jun 21, 1981 | Community FS&LA | $22.9M |
| Jun 1, 1981 | Financial Security S&LA | $63.8M |
| May 31, 1981 | NY & Suburban FS&LA | $547.6M |
| May 9, 1981 | Arctic FS&LA | $40.5M |
| Apr 30, 1981 | Guardian FSB | $125.9M |
| Feb 9, 1981 | Franklin Sa | $97.6M |
| Feb 9, 1981 | Security of Statesville | $15.7M |
| Jan 18, 1981 | Home Sa | $686.4M |
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